Friday, Oct 19, 2007
Well, duh?!
Forbes: A Weak Dollar Is Bad For America
Martin Feldstein, the chairman of the Council of Economic Advisors under President Reagan, wrote an article for the Financial Times this week, which outlines why he believes that a more "competitive" or weaker U.S. dollar is good for America.
Even though I am a rock-ribbed Reagan Republican, I cannot overstate how strongly I believe that this opinion is incorrect. "Strong Dollar, Strong Currency" is more than a mantra for me since economic history indicates that no country has ever achieved greatness nor maintained it by debasing its currency.
Posted by lvmreader @ 09:32 AM (255 views) Add Comment
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